Listing Details
- Listing Exchange NSE SME
- Listing Date 06-Jul-23
- IPO Price Range ₹ 101 to ₹ 107
- Listing Price ₹ 140
- Listing Change 30.8%
- Last Traded Price ₹ 131.05
- Current Change 22.5%
Essen Speciality Films IPO Details
- Open Date 23-Jun-23
- Close Date 27-Jun-23
- Lot Size 1200
- IPO Size ₹ 66.33 Cr
- IPO Price Range ₹ 101 to ₹ 107
- Min Investment ₹ 121200
- Listing Exchange NSE SME
- Basis of Allotment 03-Jul-23
- Refunds 04-Jul-23
- Credit to Demat Account 05-Jul-23
- Listing Date 06-Jul-23
Essen Speciality Films IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 23-Jun-23 | 5.26 | 0.82 | 4.11 | 3.73 |
| 26-Jun-23 | 7.11 | 8.62 | 23.19 | 15.47 |
| 27-Jun-23 | 45.26 | 112.20 | 67.17 | 70.57 |
Essen Speciality Films IPO Synopsis
Essen Speciality Films Limited manufactures and exports specialized plastic products in the home improvement and home furnishing industry its IPO opens on 23rd June and closes on 27th June.
The issue consists of a total issue of 6,199,200 shares (aggregating up to ₹66.33 Cr). The price band for the issue is fixed at Rs. 101 to Rs. 107 per share. The lot size is set for 1200 shares per lot. The shares will be allotted on 3rd July and the issue will be listed on the 6th July on the stock exchanges.
The book-running lead manager to the offer is Gyr Capital Advisors Limited
Objectives of Essen Speciality Films IPO:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company,
2. Funding the working capital requirements, and
3. General corporate purposes.
About Essen Speciality Films
Essen Speciality Films Limited manufactures and exports specialized plastic products in the home improvement and home furnishing industry, to multinational modern trade retailers, such as IKEA, Walmart, Kmart, Bed Bath & Beyond, Rusta, Runsven, Kohl's, Kroger, etc.
The company's product list includes bath area and accessories, artificial plants & flowers, kitchen & dining, storage & organization, fitness & lifestyle, and outdoor & utility products, and customized products, which include plastic films, Spa slippers, Baby shower caps, green-house gutter sheets, etc.
The company markets and sells its products predominantly under three brands; 'Draperi' for shower curtains, 'Runner' for shelf liners, and 'Paperi' for artificial plants and placemats.
Peer Comparison
● Shaily Engineering Limited
● Supreme Industries Limited
For More Information:
Webstory on Essen Speciality Films IPO
Essen Speciality Films IPO GMP
Essen Speciality Films Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 11,743.58 | 9,577.70 | 7,287.89 |
| EBITDA | 77.01 | 86.02 | 91.05 |
| PAT | 516.89 | 913.72 | 795.42 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 11,859.27 | 10,440.24 | 7,559.04 |
| Share Capital | 1600 | 100 | 100 |
| Total Borrowings | 3,804.93 | 3,248.47 | 1,004.15 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | (985.89) | 841.32 | 730.82 |
| Net cash from / (used in) investing activities | (435.72) | (831.94) | (156.14) |
| Net cash flow from / (used in) financing activities | 770.63 | 808.42 | (591.88) |
| Net increase (decrease) in cash and cash equivalents | (650.98) | 817.79 | (17.19) |
Peer Comparison
There are no listed companies in India that engage in a business similar to that of this company
Essen Speciality Films IPO Key Points
-
Strengths
1. Trusted brand and strong parentage
2. Socially and ethically compliant fully-integrated manufacturer of customized and sustainable specialized plastic products
3. Wide-spread domestic and international market presence
4. Comprehensive product portfolio enables the company to serve its customers spread across diverse industry verticals.
-
Risks
1. The Company has adopted an integrated business model and its commercial success is largely dependent upon the ability to develop innovative specialized plastic products suitable to the needs of the customers. The company’s inability to effectively utilize and manage the PPD and Design Divisions to develop innovative products would impact its integrated business model, thereby affecting the utility of the products resultantly impacting revenue and profitability.
2. The commercial success of the products depends to a large extent on the success of the customers. If the industry or the business in which the customers are engaged does not perform well, it could have a material adverse effect on the company’s business, financial condition, and results of operations.
3. The company is dependent on a few customers of its products, for a significant portion of its revenue, and any decrease in revenues or sales from any one of its key customers may adversely affect the business and results of operations.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app downloads
Please keep below documents handy:
- PAN Card
- Aadhar Card
- Bank Account Number
Essen Speciality Films IPO FAQs
What is the minimum lot size of Essen Speciality Films IPO?
The minimum lot size of Essen Speciality Films IPO is 1200 shares.
What is the price band of the Essen Speciality Films IPO?
The price band of the Essen Speciality Films IPO is Rs.101- Rs. 107 per share.
When does the Essen Speciality Films IPO opens and closes?
The Essen Speciality Films IPO opens on June 23, 2023 and closes on June 27, 2023
What is the size of the Essen Speciality Films IPO?
The Essen Speciality Films IPO comprises a total issue of 6,199,200 shares (aggregating up to ₹66.33 Cr)
What is the allotment date of Essen Speciality Films IPO?
The allotment date of Essen Speciality Films IPO is 3rd July 2023.
What is the Essen Speciality Films IPO listing date?
The listing date of Essen Speciality Films IPO is 6th July 2023.
Who are the book runners for Essen Speciality Films IPO?
Gyr Capital Advisors Limited is the book runner of Essen Speciality Films IPO.
What is the objective of Essen Speciality Films IPO?
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company,
2. Funding the working capital requirements, and
3. General corporate purposes.
How to apply for the Essen Speciality Films IPO?
To apply for the Essen Speciality Films IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and price at which you wish to apply for
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app